The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1887-09-10
ORDINANCE.

The following Application by the Tennessee
Central& A labama Railway Company. through
its president, Horace Scott, was submitted to
tn e Mayor Of the city Of Milan. showing the
PROPOSED termini of the railway. with the nc
campaigning declaration on the part of the
company that 1t will locate and construct its
railway within one mile Of the city of Milan:
TOthe Board of Mayor and Aldermen
ofthe City Of Milan, Gibson County,
Tennessee
The Tennessee Central & Alabama Railway
Company, a corporation duly chartered ans
organized under the general laws Of the. state
of Tennessee, through its agent and president,
Horace Scott, make application to your board
and city to subscribe for Fifteen Thousand
Dollars of the capital stock of said company,
to be paid for in Coupon Bonds of your CITY of
sseh denominations that will be most con zen
lent, bearing six per cent. interest per annum.
interest to be paid semi annually at the Office
of your city treasurer on the first days of jan
uary and July Of each year. and the bonds
themselves 10 mature in twenty years from
their issuance with interest coupons attached.
The bonds to be delivered to the Tennessee
Central q Alabama Railway Company, its
agents or assignees as follows, to wit One
half, or Seven Thousand Five Hundred Dol
pleted and the cars running regularly thereon
from Trenton, Tennessee, to Milan, Tennessee,
provided that the Board Of Mayor and Alder
men OF tho town OF Milan shall at that time
have assurances satisfactory to them that the
road will be completed and put in operation
from Milan Tennessee, to Lexington, Tennes.
see If the first half of subscription shall not
have been paid before the road is completed
and aims regularly running thereon from
Milan. Tennessee, to Lexington, Tennessee
it, together with the other half, is to he abso-
lutely payable at that time. That ]. to say,
| the whole amount Of Fifteen thousand
| Dollars Of Bonds is to be delivered as above so
| soon as the road is completed as aforesaid from
Milan to Lexington, Tennessee, or some point
! equally distant from Milan. The Board Of
| Mayor and Aldermen may. however, deliver
| half of said bono DIS, as before mentioned, when
the road il completed from Trenton to Milan,
ms aforesaid If they so elect. As said bonds
are delivered this company will issue and de-
| liver to the city of Milan the same amount of
its capital stock as the amount Of bonds de-.
HORACE SCOTT. President.
August Sth. 1887.
That the said application above set out was
duly submitted by the Mayor Of this munici
pality to the Board of Mayor and Aldermen at
a regular meeting thereof, when said appica-
ton was received and ordered spread upon the
minutes. which has been done.
And, Whereas majority OF Board Of Mayor
and Aldermen were of opinion thataH election
should be held to ascertain the will of the
qualified voters whether the subscription
aforesaid rs set out in said application shall
be made,
Therefore. ordered that the City Marshal
will, after advertising for thirty days imme-
diately pre- ceding 18th day of September, 1887,
as required by law. he shall on said 18th day
of September. 1887. open and hold an election
at every voting place. or ward, to ascertain
the will of the qualified voters of said city of
Milan on the subject of making said subscrip-
ton as set out in the application aforesaid
That. at this election. those who are in favor
of the subscription shall have written OF
printed upon their tickets the words For
Subscription" and those opposed sh all have
written or printed on their tickets mo
Subscription
MAYOR AND ALDERMEN.
E. N. STONE, Mayor.